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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

For example, you can deduct the rent and utilities you spend for an office or other workspace outside of your home. If you rent equipment or vehicles, the rent you pay is fully deductible. If you rent equipment or vehicles, the rent you pay is fully deductible. Mistake #5: Waiting to File 1099s We get it.

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6 must-know industry trends for small property managers

Buildium

However, the pace of growth has slowed since 2023, with a majority of businesses planning to expand their portfolios by 25% or less over the next two years. Between 2001 and 2022, for example, rents rose by 21%—while renters’ incomes rose by just 2%. In 2024, tenant quality emerged as the #1 concern for property management companies.

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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Only 1% of the markets reported a rent growth of 10% in Q3 of 2023. million) spent over 30% of their income on utilities and rent. Roughly 653,000 people were experiencing homelessness in January 2023.

Apartment 130
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Why Authority Property Management is Your Best Choice for Property Management

Authority Property Management

Whether you're a property owner looking for peace of mind or a tenant seeking a seamless renting experience, we pride ourselves on being the team that delivers. Over the years, we’ve received numerous accolades, including the Best Property Manager for the Best of North State 2022 and 2023.

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Understanding the 20% Pass-Through Tax Deduction for Redding, CA Landlords

Authority Property Management

Income Thresholds and Deduction Limits The deduction is available for landlords with taxable income up to $182,100 for singles and $364,200 for married couples filing jointly (as of 2023). Importantly, these services can be performed by the landlord or by hired agents , employees, or independent contractors.

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10 Hottest Topics for Multi-Family Real Estate Investors in 2023

Nest DC

In this article, we will explore the 10 hottest topics for multi-family real estate investors in 2023, providing insights into the trends and factors that are driving investment decisions in this rapidly changing market. This includes timely maintenance and repairs, efficient rent collection processes, and effective communication channels.

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Property Management Outsourcing Services: Benefits and Cost

Second Nature

While the traditional approach to property management simply provided the basics – maintenance, rent collection, etc. One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Resident benefits and ancillary services.